Music Streaming Services are on the Cusp of Major Structural Change; SiriusXM to Preview 'Next-Generation' Service Later This Year
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Music streaming services are on the cusp of major structural change
The music industry is on the cusp of another major structural change, according to Goldman Sachs Research. While the industry is yet to fully monetize its content, with music streaming services seeing less revenue for every song streamed, our analysts expect the sector to grow and capture new business opportunities.
SiriusXM to preview its 'next-generation' service later this year
For now, details of the new platform are basically buzzwords, with SiriusXM promising that it will “improve discoverability, personalisation, and the user experience for seamless ease of use and enhanced engagement across multiple devices platforms”.
Apple Again Fails to Save Classical Music
As classical listeners shift to streaming, Apple’s bespoke app falls short of its smaller-scale competitors.
Kits AI Places the Power of AI Into the Hands of Artists Everywhere
Aiming to bring the same opportunity to all artists, Kits.AI has launched tools for artists to safely create, license, and share their own voice models, opening new opportunities for fan engagement and monetization.
Moises AI Announces AI-generated Voice Synthesis Detection and Creation Feature
Moises.ai has developed two new AI-powered models, one of which can detect these synthesized voices and flag them for rightsholders, while the other generates synthetic voices, powered by the sounds of real artists.
Song Investment Platform MasterExchange Raises $2.74 Million
The platform raised its latest funding from investors, including Vectr Fintech, Claes-Henrik Julander, and Rob Small. MasterExchange allows anyone to invest fiat currency in specific songs to receive a quarterly share of the music royalty payments. The platform also serves as an exchange to allow anyone to trade their shares of music royalties with other investors.